The Brickworksin London
The Brickworks on the map of London
Essex Close, E17 6SJ
Mortgage in The Brickworks
Shared Ownership
Shared Ownership is a type of affordable homeownership when a purchaser takes out a mortgage on a share of a property and pays rent to a landlord on the remaining share.
Standard eligibility criteria for Shared Ownership
- Be at least 18 years old.
- Annual household income must be less than £90,000 (In London).
- Annual household income must be less than £80,000 (Outside of London).
- Not allowed to own another home. If you already own another property (in the UK or abroad), you must be in the process of selling it.
- Not able to afford to buy a suitable home on the open market.
- Able to demonstrate that you are not in mortgage or rent arrears.
- Able to demonstrate a good credit history and show that you are able to afford the regular payments and costs involved in buying a home.
- Have savings or be able to access at least £4,000 to cover the costs of buying a home. (This is a guideline figure, the actual amount may vary.)
Please note: Eligibility criteria may vary per housing association and therefore you should always check the exact criteria with the developer or housing association responsible for the exploitation of the project.
Help to Buy
Help to Buy is a government-backed scheme that aims to help first-time buyers onto the property market with an equity loan (also known as shared equity) of up to 40% of the value of a new build home.
- Requires only 5% deposit
- Only a 55% mortgage required
- 40% Government equity loan (interest free for the first 5 years)
- Available on new build homes up with a value of up to £600,000
Eligibilty Criteria
Requirements:
- Minimum age of 18 years.
- Must be first-time buyer.
Not allowed:
- Owning a home or land anywhere in the world at any time.
- To have had any form of sharia mortgage finance.
- Owning a home bought with other people or inherited.
- Being married or in a co-habiting relationship, either now or on legal completion with anyone who owns or has owned a home or land anywhere in the world.
- Purchasing a second home
There are certain price limits on homes you can purchase with an equity loan. The limit varies for each region in England.
| Region | Full property price limit |
|---|---|
| East | £407,400 |
| East Midlands | £261,900 |
| London | £600,000 |
| North East | £186,100 |
| North West | £224,400 |
| South East | £437,000 |
| South West | £349,000 |
| West Midlands | £255,600 |
| Yorkshire and The Humber | £228,100 |
*Terms and conditions apply
Mortgage
We checked the information and the developer's representatives confirmed that units in this residential complex can be purchased by using a mortgage.
Investment Purchase unavailable
We checked the information and the developer's representatives confirmed that this residential complex does not offer this method of buying
Part Exchange unavailable
We checked the information and the developer's representatives confirmed that this residential complex does not offer this method of buying
Property Details
About the house
| 🟧 Tenure | Leasehold |
| 🟧 Height Classification | Low-rise |
| 🟧 Quality Classification | High-end |
| 🟧 Number of floors | 3 |
| 🟧 Number of units | 20 |
| 🟧 Security & Safety | Mains operated ceiling mounted smoke/ heat detector, Video door entry system |
| 🟧 Parking | No |
| 🟧 Amenities | Open green spaces, Landscaped communal areas |
| 🟧 Number of buildings | 2 |
| 🟧 Off-plan property | Yes |
| 🟧 Property Type | Apartments |
| 🟧 Concierge | No |
| 🟧 Gym | No |
| 🟧 Kid’s Facilities | Child play space |
| 🟧 Swimming Pool | No |
| 🟧 Warranty | 10 Year warranty on all properties |
| 🟧 Bicycle Storage | No |
| 🟧 Lift | No |
| 🟧 Energy Efficiency | Low energy white LED downlights to kitchen and bathroom |
About the units
| 🟧 General | Freestanding washer dryer in utility cupboard |
| 🟧 Ensuite | (selected 2 bedroom apartments) Recessed spotlights, Contemporary white sanitary ware, Mixer taps in shower, Shower screen, Heated towel rail, Ashland white wall tiles |
| 🟧 Heating & Cooling | Boiler system, Radiators |
| 🟧 Doors | Internal white doors |
| 🟧 Bathroom | Recessed spotlights, Contemporary white sanitary ware, Mixer taps with shower above bath, Shower screen, Heated towel rail, Full height tiling around the bath with half height to all other walls, Ashland white wall tiles |
| 🟧 Communications | Communal TV aerial to apartment blocks |
| 🟧 Floor | Wood effect vinyl to hallways and kitchen |
| 🟧 Kitchen | Contemporary kitchen with, Cashmere or Coble grey units, Soft close kitchen doors and drawers, Laminate worktop with upstand, Ceramic electric hob, Integrated cooker hood, Glass splash back, Integrated fridge freezer, Integrated dishwasher, Integrated microwave |
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Where is The Brickworks located?
Essex Close, E17 6SJ.
What is the minimum price of a property in The Brickworks?
The minimum price at The Brickworks is £345 000 for 1BR.
How to buy an apartment in The Brickworks in London?
In this development you can buy apartments with a Shared Ownership, a Help to Buy, a Mortgage.